CZ says he underestimated stablecoins’ growth while running Binance

The Binance founder said he once saw stablecoins as a temporary bridge between crypto and fiat, but now focuses more on RWA, asset tokenization and advisory work.

Summary

CZ said he misjudged how large the stablecoin market would become while operating Binance, having initially viewed stablecoins as a temporary tool connecting crypto and fiat trading. With that market expanding, he said his attention has shifted more toward RWA (real-world assets), asset tokenization and related advisory work, signaling a broader focus on blockchain-based representations of traditional assets.

Terms & Concepts
  • stablecoins: Crypto tokens designed to track a stable asset
  • RWA: Real-world assets represented on blockchain rails
  • asset tokenization: Turning ownership rights into digital blockchain tokens